Who emerged as influential and successful entrepreneurs as the commercial revolution replaced the town and guild framework?

Question

25-03-2025
Social Studies

High School

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Who emerged as influential and successful entrepreneurs as the commercial revolution replaced the town and guild framework?

Answer :

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sreeragmenon sreeragmenon · Answer 1 · 2024-01-29T01:30:59-05:00

Final answer:

During the commercial revolution, influential entrepreneurs emerged and played a crucial role in the rise of the industrial age and the development of factories.

Explanation:

During the commercial revolution, influential and successful entrepreneurs emerged as the town and guild framework was replaced. These entrepreneurs were individuals who started their own businesses and took advantage of economic transformations and advancements in technology. They played a crucial role in the rise of the industrial age and the development of factories. Some examples of these successful entrepreneurs include Junius Spencer Morgan and J. P. Morgan, who were prominent financiers in the later nineteenth and early twentieth century, and the enterprising artisans and small merchants who owned small factories and stores.